Burlington Stores (NYSE:BURL) PT Lowered to $218.00 at Morgan Stanley

Burlington Stores (NYSE:BURL) had its target price decreased by Morgan Stanley from $233.00 to $218.00 in a research note published on Monday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Several other research firms have also issued reports on BURL. Evercore ISI increased their target price on Burlington Stores from $220.00 to $235.00 and gave the stock an outperform rating in a report on Friday, February 23rd. Piper Sandler upgraded shares of Burlington Stores from a neutral rating to an overweight rating and boosted their target price for the company from $155.00 to $240.00 in a research report on Wednesday, January 17th. Telsey Advisory Group reissued an outperform rating and issued a $250.00 price objective (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. UBS Group upgraded Burlington Stores from a sell rating to a neutral rating and upped their target price for the stock from $126.00 to $212.00 in a research note on Thursday, May 2nd. Finally, StockNews.com upgraded Burlington Stores from a hold rating to a buy rating in a research note on Saturday, March 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $218.60.

Burlington Stores Stock Down 0.1 %

BURL stock opened at $187.58 on Monday. The business’s fifty day moving average price is $203.29 and its two-hundred day moving average price is $185.30. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 1.08 and a beta of 1.54. Burlington Stores has a fifty-two week low of $115.66 and a fifty-two week high of $232.69. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 7th. The company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.02. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the previous year, the company earned $2.96 EPS. The business’s revenue was up 13.9% on a year-over-year basis. On average, equities analysts anticipate that Burlington Stores will post 7.41 earnings per share for the current year.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the transaction, the chief marketing officer now directly owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Burlington Stores

A number of hedge funds have recently bought and sold shares of BURL. Rise Advisors LLC acquired a new position in Burlington Stores in the first quarter valued at approximately $40,000. Lindbrook Capital LLC increased its position in Burlington Stores by 114.6% in the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. Mather Group LLC. acquired a new position in Burlington Stores during the 1st quarter worth approximately $48,000. GAMMA Investing LLC bought a new position in Burlington Stores in the fourth quarter worth approximately $41,000. Finally, Fifth Third Bancorp acquired a new stake in Burlington Stores in the fourth quarter valued at approximately $50,000.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.